Construction
Real Estate News
"A 'Cost To Build' Crisis": GTA New Home Sales Down 70% Over Last September
"With land, labour, and material prices being what they are, it is very difficult to build a new home at a cost that the market will readily absorb – and this issue is manifesting itself in the form of low sales," says Justin Sherwood, BILD's SVP of Communications & Stakeholder Relations.
Oct 28, 2024
Office
JLL Calls For 'Full Repeal' Of Office Replacement Bylaw Ahead Of City Deliberations
Ahead of final policy recommendations regarding the Office Replacement Bylaw to be considered by Planning and Housing in Q4, JLL has released a study calling for a "full and unconditional repeal of the Office Replacement Bylaw to unleash supply."
Development Projects
This Futuristic Development Could Bring 1,782 New Units To Front Street
A shiny new development proposed by H&R REIT could one day transform Toronto's downtown skyline with its contemporary, golden exterior and striking heights.
Construction
Metro Vancouver Housing Deficit Grows To Over 45,000 Homes
While the pace of homebuilding has increased, it has not been able to keep up with the pace of population growth.
Lawrence Park Gem Boasts Historic Charm (And Extensive Additions)
This Lawrence Park home is a stunning cherry wood cocktail of Old World charm, understated elegance, and more bay windows that you can count.
Construction
Inside The Cost-Profit Analysis Of Three-Bedroom Units In Metro Vancouver
Three-bedroom units are oftentimes essentially subsidized by the studio and one-bedroom units, developers say.
Construction
Housing Starts Still 'Well Below Required Amount' Despite 5% Increase In September
Bottom line: we are not producing enough housing, especially in Ontario and BC where housing affordability is at its lowest.
Construction
How DCC Rates Compare Across Metro Vancouver Municipalities
A recent report found that rates for development cost charges (DCCs) vary quite significantly from city to city.
Construction
Toronto Ranks Highest For Cranes Across Major US And Canadian Markets (Again)
In Toronto’s downtown core alone, the number of cranes in the third quarter was almost twice that of its nearest competitor.
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Construction
Wesgroup SVP Of Development Brad Jones On The Challenges With DCCs, REDMA
A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.
Construction
‘There’s Going To Be A Crisis’: New Condo Construction Is Heading Toward A Cliff
“This is not something where you can flick a switch and all of a sudden we have deliveries. We know that if we're not starting anything in ‘25, there are going to be no deliveries in ‘28.”
Construction
High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs: CMHC
The City of Vancouver is leading the region in rental housing starts, while condominium developments are moving out to suburbs like Burnaby and Surrey.
Construction
Gap Between Population Growth And GTA Housing Stock At 50-Year High
"This is a bright red warning light on the dashboard for all levels of government. Without bold steps, the housing crisis in the GTA is going to get far worse in the years ahead," says President and CEO of BILD David Wilkes.
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